Qualified Dividends Tax Worksheet

Qualified Dividends Tax Worksheet—Schedule G, Part I, line 1a

Keep for Your Records

Caution: Don’t use this worksheet if the estate or trust must complete Schedule D (Form 1041).
1.

Enter the amount from Form 1041, line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2.

Enter the amount from Form 1041, line 2b(2) . . . . . . . .

3.
4.

If you are claiming investment interest expense on Form
4952, enter the amount from line 4g; otherwise
enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . .

4.

5.

Subtract line 4 from line 1. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . .

5.

6.

Enter the smaller of the amount on line 1 or $2,700

6.

7.

Enter the smaller of the amount on line 5 or line 6 . . . . . . . . . . . . . . . . . . . . . .

1.

2.

....................

8.

7.
Subtract line 7 from line 6. If zero or less, enter -0-. This amount is taxed at 0% . . . . . . . . . . . . . . . .

9.

Enter the smaller of line 1 or line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.

8.

9.
Subtract line 8 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.
Enter the smaller of line 1 or $13,250 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.
Add lines 5 and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
Subtract line 12 from line 11. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . 13.
Enter the smaller of line 10 or line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.
Multiply line 14 by 15% (.15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.
Enter the amount from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.
Add lines 8 and 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.
Subtract line 17 from line 16. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . 18.
Multiply line 18 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.
Figure the tax on the amount on line 5. Use the 2021 Tax Rate Schedule . . . . . . . . . . . . . . . . . . . . . 20.
Add lines 15, 19 and 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.
Figure the tax on the amount on line 1. Use the 2021 Tax Rate Schedule . . . . . . . . . . . . . . . . . . . . . 22.
Tax on all taxable income. Enter the smaller of line 21 or line 22 here and on Sch.
G, line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.

Enter the amount from line 54 of
Schedule I (Form 1041) on line 1c.
Line 1d—Total. If the amount from
line 14 of Form 8978 is a positive
amount, include it in the total reported
on line 1d.

Line 2a—Foreign Tax Credit

Attach Form 1116, Foreign Tax Credit
(Individual, Estate, or Trust), if you elect
to claim credit for income or profits
taxes paid or accrued to a foreign
country or a U.S. possession. The
estate or trust may claim credit for that
part of the foreign taxes not allocable to
the beneficiaries (including charitable
beneficiaries). Enter the estate's or
trust's share of the credit on line 2a. See
Pub. 514, Foreign Tax Credit for
Individuals, for details.

Instructions for Form 1041 (2021)

Line 2b—General Business
Credit
Don't include any amounts that
are allocated to a beneficiary.
CAUTION Credits that are allocated
between the estate or trust and the
beneficiaries are listed in the
instructions for Schedule K-1, box 13,
later. Generally, these credits are
apportioned on the basis of the income
allocable to the estate or trust and the
beneficiaries.

!

Enter on line 2b the estate's or trust's
total general business credit allowed for
the current year from Form 3800. The
estate or trust must file Form 3800 to
claim any of the general business
credits. Generally, if the estate's or
trust's only source of a credit is from a
pass-through entity and the beneficiary
isn't entitled to an allocable share of a
credit, you aren't required to complete
the source form for that credit. However,
-31-

certain credits have limitations and
special computations that may require
you to complete the source form. See
the Instructions for Form 3800 for more
information.

Line 2c—Credit for Prior Year
Minimum Tax

An estate or trust that paid AMT in a
previous year may be eligible for a
minimum tax credit in 2021. See Form
8801, Credit for Prior Year Minimum
Tax—Individuals, Estates, and Trusts.

Line 2d—Bond Credits

Complete and attach Form 8912, Credit
to Holders of Tax Credit Bonds, if the
estate or trust claims a credit for holding
a tax credit bond. Also, be sure to
include the credit in interest income.

Line 2e—Total Credits

To claim a credit allowable to the estate
or trust other than the credits entered on
lines 2a through 2d, include the